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tv   Worldwide Exchange  CNBC  May 3, 2019 5:00am-6:00am EDT

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>> we've got big breaking news on amazon. warren buffett telling biky quick that brookshire hataway has been buying amazon stock you will hear from warren buffett coming up later on in the show a sizzling debut we'll find out what's driving wall street's insatiable appetite for that meatless stock. we count you down to the big jobs number. we'll break down the key numbers inside of it that you need to
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watch. facebook, watching a big crackdown on what is calling extremist content. we have got a wild stat about the horses that you have just got to hear. it's your rbi. we'll have it on this friday, may 3rd, as worldwide exchange begins right now good morning, good afternoon, good evening, skps good morning from wherever in the world you may be watching. i'm brian sullivan looks like a happy friday early on ahead of the big monthly payroll number, which could change everything we'll get more on the expectation for that first, we have got big brnds on amazon.com warren buffett telling becky
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quick that brookshire hataway has been buying amazon buffett making it clear that he is not the one buying amazon stock, but others in his office p and for brookshire are the stock up 2% right now. on a macromarket level let's get back to the markets and your money as we just noted stock futures indicating the dow is likely to rise at the open. up about 62 points again, listen, it's jobs friday. if we get a great number, does that put the fed at an interest rate hike back on the table. we're going to have that sk very question that exact question in about 30 seconds. the bond market right now at 2.56%. everybody talks about a hot economy. is that what the treasury market is saying? all right. let's go around the world. many markets in asia, including japan and china. they are closed today.
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in europe we are seeing gains across the board every major average there, maybe europe finally showing a little sign of life there green on the screen everywhere now, outside of commodity or outside of stock, we have been, of course, watching oil every single day crude oil back backing off just a bit again. the iran sakes, the exemptions, anyway, went into effect at midnight yesterday, and look at that we're not seeing a pop in the price of oil people believe the united states, maybe saudi arabia can stil fill any inventory gap out there. we are three hours away from the monthly payroll. the magic to watch 190,000 brsh that is the consensus estimate of economists on how many gains in jobs that we will see in america last month now, remember, the month before that blew expectations out of
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the water. >> what do we expect from the job market today >> i think the market is expecting the job -- the headline number to come in exactly where it is. we saw up side in the adp report we saw mark here on cnbc bizarrely enough to say that that's not a reflection of the true health of the job market. >> by the way, mark is on the show today did you know that? >> i did not >> on at 5:50 a.m. i'll get him on that >> i'm wondering why he said this is not reflective of the strength of the real job market. the week when the statistician's
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act about their job positions, it happened during the lowest jobless claims of the entire recovery the survey we suggest that there could be some up side in these numbers. we're looking for the unemployment rate to pop up to 3.9%, but for the reasons that we want. people are coming off the sidelines and rejoining the work force. labor force participation rate to possibly pop up april, however, seasonally speaking is very weak for wage gains, which means that this could be the mother of all goldilocks jobs reports because we won't see anything with alarm jay powell and put him in over we might be tightening by the same token, if we see wage inflation come off, maybe what we hear from -- >> we are back to that sort of old place where we were a few years ago. if it's too good, it's bad, and bad is good. you know, the perfect amount of
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porridge if we get a number that is too hot, too strong, it means the economy is good, but is it it also mean maybe just maybe we'll get a rate hike later on in it the year >> according to mr. powell, the fed has been comfortable with the current -- >> you don't want for them to reengage, which, again, is why markets have sold off the last few days >> it's because markets have priced out that profitability of a rate hike being a certainty. they're not happy about it >> you mentioned oil something we talk about a lot on this program >> great for consumers, by the way wrrks. >> it is the jim cramer that has been exactly right on this the stock market has traced oil. used to be we traced the bank stocks or the fed or whatever.
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no that's going to be good news for households because we're seeing biz arzly enough in this recovery companies like capital one financial we're bumping up our charge something is not happening right with the household sector. this will be a good -- >> does it have to be that if the household is doing that, the economy is slowing down? this is worthless probably >> there are more trucks on the new jersey turnpike than i have ever seen. ever seen. >> that's absolutely >> that says to me the economy is cranking. >> it is, but we have seen mentions in a row of trucking stats come down off their high
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casts went so far as to say we're considering saying that we're hitting a slow dourn because we have seen big rig prices fall challenger gray and christmas have had -- that's happened three other times in the history. 2001, 2007, 2009 those are the only three times we've seen nine back to back months of rising layoffs >> has the consumer been optimistic they're borrowing more money they're loading up the credit cards. they're taking out home equity loans. >> they're doing all those things it's in the data what we're also seeing, and i'll go back to challenger for a minute, we're expecting retail to be weak
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it's an old story. that is the leading sector inside the layoff's data right after that is industrial manufacturing and right after that is autos. i know that we're not a manufacturing nation i know that we're a services-led economy. i understand all of that these high-paying manufacturing jobs tend to precede inflexion points in the economy, and that's what we're starting to see. >> you expect that goldilocks number today >> i think we can expect that. >> is 90 uks 200 >> 200,000 in the survey week that they compiled these numbers. >> if we get a number over a three handle as they say is that a rate hike on the board scott minert yelled at me when i said he flip-flopped we could have a rate hike, and he is one of the smartest guys out there. >> he is >> also one of the biggest >> yes, he is. he has an even bigger fe-fi-fo-fum >> i think 300,000 number given jay powell's hawkishness will
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put even more pressure on rich to deliver on the fed staying dovish >> danielle demartino booth. thank you. thank you. a big stock to watch today beyond meat. it's soared its market debut it is up again right now in the premarket. frank holland is here with the details on beyond meat >> i was also there at the nasdaq to laurng the ipo a lot of excitement there. you know, i'm going to just use this line right now. investors clearly have an appetite for plant-based meat. beyond meat up 17% this morning. the maker of a plant-based meat alternative launching its ipo yesterday and becoming the best performing unicorn this year it's been a big year for ipos. shares of the -- closed 163% higher yesterday the company now has a valuation of 3.77 billion yon dollars. they're trying to get a piece of the 1.3 trillion global meat market with its plant-based foods that include burgers,
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sausage, and a whole other range of products. it's currently sold at ploern 17 nous retail locations like while foods and targets. >>eth aan brown told me you can't get a time frame of when he believed the company would turn a profit. he said the top priority right now is scaling up and introducing new products >> okay. here's the question. how competitive -- there's more companies that are koong out with these, and it's hard to say. plant-based meats. it sounds like an oxymoron how competent tiff is that space? >> it's getting more and more competitive every day. this direct competitor and possible foods with its impossible burger, it's expected to launch an ipo later on this year tyson, the big chicken company, they're launching their own plant-based burger called the austin burger, and have you to
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remember that kel ogz and craft, they've been in this market for years with their bocca burger and morning star farms brand it's getting more so competitive. >> by the way, that stock has been red hot we appreciate you covering yesterday and getting up early for us this morning. frank, see you in a bit. thank you very much. if you like real beef in your burger, check out shares of shake shack. today they are surging that stock is up, what, almost 7% shake shack reporting better than expected first quarter revenues same-store sales rising more than 3%. shake shack also worst boost says its revenue outlook for the year shares of ww are jumping more than 15% right now actually about 13% it's formerly known as weight watchers reporting a narrower than expected first quarter loss raising guidance for the year. it's been a tough run for ww over the last year >> completing the hat trick of stocks to watch this morning adidas leading the gains in germany this morning profit rising 17% in the first
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quarter. that topped most forecasts thanks to a boom in on-line sales. even broader sales decline due to some spikes still, the market doesn't care adidas stock up 7% in european trading. zpriefrmts plus, more on berkshire hathaway we're going live to cky bewho is in omaha when "worldwide exchange" returns.
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. >> in the meantime, we are continuing to follow the latest developments out of venezuela. venezuelan president nicolas mad euro rallying his military telling them they must stand united this as thousands of anti-government demonstrators flooded the streets of car ak yas calling for his ouster president trump voicing his support for the people of venezuela and their righteous struggle for freedom according to observers, at least four people have been killed hundreds more injured, and the proters this week all across that nation. remember, venezuela has the
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world's biggest oil rereserves bigger than saudi arabia the production has fallen by three million barrels per day in the 20 years since chavez and maduro were in power we sat down with leading energy expert dan juergen, and we asked him about the ongoing situation in venezuela >> it's amazing this is the country that was over three million barrel az day. it's well under a million barrels a day, and maybe half a million. who knows what those numbers are. though oil workers do not have equipment. >> the market has not reacted to what's going on. john, it is not reacted to the exemptions on iranian oil being sold around the world. going offline as well. is that because they belief that either us, saudi arabia, or
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russia or a combination thereof can fill any supply gap. >> i think there's a sense that the combination thereof will fill any supply gap. i think what americans should really sit and be thankful for is the huge increase in u.s. oil production and the steady flow of exports over the past several years. we are like a fire wall now against these geopolitical events that years past, brian, as with you well know, would have raked over the oil market and sent prices sky-high these are serial serious supply threats that the market takes in stride >> partly or mostly i think because of the position that the u.s. has achieved. right now, too, we have a tremendous amount of spare capacity in saudi arabia they could easily fill the gap with a flick of a switch.
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>> it's sort of the bull moose producer we just produce. all right? our companies don't dial it back in reaction to price swings like the saudis do. we just sit there and put it out and really do disrupt in that regard where. >> do we need or can we do another million barrels a day. if venezuela goes to zero, because they need people, they need food, they need power to run they have not a civil war, but they're getting very close can we do another million barrels a day if we needed to? >> that would be a tough haul i think in the short-term. beyond that certainly the trend continues to be higher the problem with the permian is just off the charts. that's why you are finally
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seeing activity from the exxonmobils, the chevrons, the steel with anadarko. objection dental petroleum. >> they can turn off their transponder in nondollars. they have to do it in non-dollars. india needs their oil. japan needs their oil. china needs their oil. i'll tell you, in libya, everybody seemds to be backing general there. that could fall and be set up. >> doesn't sound like you think prices are going to spike.
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>> sounds like -- >> i also think maduro will be out the door here, too, and the market is going do react negatively price-wise. >> he is finished. we're going to -- he will be out the door i would say within three months at the latest he is hanging out and holed up now in the military base in venezuela why. he is almost done. the military was involved in that his exit almost earlier in the week, so that's going to resolve itself the big strek of the market is going to be iran for who reasons. a, if they are foreclosed much more than maybe we all thought even a month or so ago and, b, if they act out. >> john, great to get your views. have a great weekend talk to you soon zhoo still ahead, facebook launching a big crackdown on content, about ut are they making a political move some may not like plus, a bull dollar bet to talk about in the heart of america ae steel company. why presidentrp lely t umisikto take a big victory lap today stick around
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>> cnbc has another big interview coming your way today. eamon sitting down with mike pence. you can catch that interview today at 9:30 a.m. eastern time on squawk on the street. happening right now, three big stories on facebook. let's hit them all number one, the company reportedly nearing a deal with federal regulators over consumer privacy issues the "wall street journal" saying that any settlement will likely also involve facebook's what's app messaging service.
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it is still unclear whether insta gam will be included in any deal two, facebook launching a big crackdown on content the company banning what it calls dangerous individuals and organizations. it is rrtdly recruiting dozens of financial firms to help launch a crypto-based payment system the spokesman for facebook's block chain efforts dough clined to comment facebook shares are slightly higher up .4% look for prurp to take a big-time victory lap today u.s. steel announcing a 1.2 billion dollar investment in technology upgrades at its western pennsylvania plant trump responding to that news with this. 232 tariffs make pennsylvania and the us sa more prosperous and secure by bringing steel and aluminum industries back tariffs are working.
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pittsburgh is, again, the steel city shares of u.s. steel are popping on that news let's get a check on the morning's nonbusiness headlines, including more devastating floods in the nest francis river kra in new york with more. >> hey, brian. good morning to you. we start with a ringleader of a plot to blow up the new york city subway will soon be a free man. he was sentenced to life in prison after pleading guilty in 2010 to plotting to bomb the subway sense then prosecutors have praised him for his cooperation and providing intelligence on al qaeda members and also his own family he has already served more than nine years in prison his lawyer expects him to be released within a few days the national weather service confirmed two tornadoes hit central arkansas where video shows damage to buildings, commercial trucks that were toppled over and trees uprooted. in iowa people are scrambling to protect against rising waters. the mississippi crested at its highest level ever causing flash flooding in many staisz states
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and star wars universe is mourning the loss of actor peter mayhew who died this week at the age of 74. he played chewie in star wars films and at 7'3" tall, he towered over his co-stars. in a statement harrison ford played hans solo said they were partners in film and friends in life no doubt he will be remembered tomorrow because you know it is a big day and may the force be with you. >> i saw what you did there, francis, and i liked it. i liked it >> a whole lot of people, too. >> thank you very much may the fourth be with you >> all right still ahead, more on that big news on amazon warren buffett telling cnbc as berk hire hathaway has been buy shargz of amazon you'll hear more coming up we are counting you down to the big jobs number today. just three hours away, but does a strong number necessarily mean a strong economy we're going to find out.
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>> berkshire hat away has been buying stock we'll take you live to omaha straight ahead is the big monthly jobs number completely meaningless why one leading economist says you may not be able to trust this number. he will tell you why and break out the mint jewel epps and fancy hats. we're gearing up for this
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weekend's kentucky derby if you are thinking about betting on a horse, we have a wild stat that you have got to hear is your rbi and it may just make you money? all that as worldwide exchange rolls on a friday right now. >> thank you for every for being with us. i'm brian sullivan welcome. let's kick off the second half of the show with your executive recap. everything you need to know in about 60 pekds e seconds frank holland back with that >> brian, here's what's leading cnbc.com right now berkshire hathaway is finally in on amazon. berkshire has been buying amazon stock, and buffett making it clear that he is not the one personally buying the stock. this morning amazon shares are up more than 2%. that stock far and away the most successful ipo of 2019
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it priced at 25 a share. it closed at $65.75 per share. that's a is 63% gain the shares are adding to those gains in the early trade >> st. claire broadcast group striking a deal with disney to into sports networks that deal with value at more than $10 billion. brian, back to you >> frank holland, see you in a bit. thank you. >> let's get you up to speed on how your markets and money are looking on this friday morning, and we do have some green on the screen dow futures are up right now about 60 points. the s&p and nasdaq hire as well. the way that amazon news that frank just gave you has that stock up 2%. that could be a big help amazon is a hugely weighted stock in so many etfs that you may own. meantime, the bontd market not on the big move right now. the yield is at 2.56%. of course, all that futures bonds, everything, can change when that jobs number coming out later on today the european markets, we are seeing gains across the board.
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europe really showing some signs of rife lately look at that all five of the major indexes that we watch in germany, france, and all those other countries, they are higher outside of equities, oil actually down despite the fact that the exemptions on iranian oil going offline yesterday at midnight the world is convinced that you heard us talk about earlier that the u.s. or saudi arabia or russia or a combination ofall the above will be able to fill any supply gap the price of crude oil down a half percent at $61.50. >> it's the first interview in your new gig as founder of soft strategy at least on cnbc is that correct? i'm not watching enough of my own network? >> no, that's absolutely right, brian. i have known you for, like, 25
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years. the secret to the successful director is -- >> you have always been a straight shooter, and we are glad you are joining us on the first show on the business day here on cnbc congratulations. welcome going out on your own here let's talk about what your view is your market views have not changed, and you have been way more wrong than right or way more right than wrong over that time there you go >> 5:34 in the morning what is your view on the macromarkets it has been a heck of a start in 2019 the short-term model flashed a -- we says the s&p is going to trade out to new all-time highs, which has happened now that you have fell back from that new all-time high, people are saying it's a false break-out. we don't think so. we think we're involved in a melt-up. err since actually october of
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2008, which is when the majority of stocks bottomed, we have said, you know, we're in the secular bull market, secular bull markets run 15 plus years this ought to have another six, seven, eight years in it, and nobody believes it >> do you believe it >> i believe it, and i'm invested that way, and i'm having a really good time. >> yeah. i mean, a lot of people have had a good time. i think the problem is it's like the later the party goes, jeff, everyone is, like, sooner or later, somebody has to leave the party. once one person looefd, a lot of people leave at the same time. will there abe melt up, though, like larry thinks at black rock that we saw happen a couple of weeks ago. >> i am out doing seminars and presentations for hundreds of retail investors the retail investors is not just cautious they're scared to death. that is not the way secular bull
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markets end. >> we have none of the speculative juices flowing in the individual investor. i think this thing has years left in it >> years left in it. years? >> yes, years. >> let's talk about one part of the market that you particularly like because all these technical signs are pointing to the small cap. the russell 2,000 is looking very strong. >> my friend amy zhang at aljeer capital was up by 40 plus percent last year in a market that was pretty difficult for small caps, and she runs the small cap fund, and she is doing very well this year. i think the time for small caps has come, and i think they're
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going to do very well going forward. >> it's a great mention, because jeff, last year in the fall we actually had a special series on this show of the top fund mrgds, and she was our number one performer in that time she's well known to our audience as well. small caps, like the rest of the market in december, they really to come a naul fall. you probably think that was just one of these one-off situationed, and that fundamentally they are still strong >> i think with the stronger dollar, i think it favors them small international exposure i think it favors the small cap complex. >> nothing matters it's just the fed juicing everything >> i thits an earnings driven market people have been saying earnings are going to come down i don't believe it earnings continue to come in better than people expected wrrn
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i think that's going to be the watch word going forward >> and if the fed stays on hold this year, that goes into your belief that equities can indeed remain strong not just this year, but as you said, for years to come. what if powell and company screw it up? >> i don't think that's going to happen i think that we're actually in a sweet spot in the economy. the company so muted until the past couple of yoerz that we've elongated the mid psych and no why wr near transitioning into late cycle if we were in late cycle, why are the late cycle stocks act sog poorly >> jeff, joining us without the american dream aunt brenure now jeff. we appreciate that i screwed it up. a man who has been far more right than wrong how is that? is that better than the previous times? >> thank you, sir. i appreciate it. >> jeff, we'll chat with you again. thai very much, and
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congratulations. >> appreciate it >> you bet >> revenue and weaker performance of the company's cable network. hsbc is leading the gains on is this ftse in london. first quarter profit topping expectations thanks to sturjon income hsbc says it's keeping an eye on the u.k. economy tracking the price of mortgage lending and deposits among the ongoing uncertainty over brexit. hsbc stock is up about 2.5%. >> about 1.5%. check this out we have got a big analyst call just crossing ahead of uber's ipo, and it's not one that bulls in the ride-sharing space are going to like. atlanta equities out with a
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neutral rating on the stock with a $55 price target uber expected to price thursday after the close, and the same call, atlantic equities is initiating coverage of lyft with an underweight, so nutdral on uber, underweight fancy speak for cell on lyft coming up, more on the biggest news of the day. warren buffett telling becky quick berkshire hathaway has been buying shares of amazon ffetcongp.omre directly fr but mi u we go live to omaha as worldwide exchange rolls o okay, i picked out my dream car.
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. >> we have a big-time interview coming up on cnbc. aemon will sit down with mike pence. that interview live at 9:30 eastern time on squawk on the street today well, your own top news today is that it is jobs day. the monthly payroll number for april will come out. of course, we look at jobs, and we think about small business. remember, it is small business that is the primary job creator in america kate rogers live in lieu vis well, texas, where the race for 5g technology is creating some big-time opportunity for work. it rolls out that network across the country partnering with the
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major sbus wireless carriers now, right now eriksson has about 1,700 tower climbers that are helping to install the network's instra frurkt, and executives say they're really backbone of this operation >> in the u.s. currently we have 350 towers, and we expect that to go to almost a million towers over the next for you years. >> the tower crews and climbers are essential to make sure it gets rolled out across america >> entry level climbers can make about $40,000 a year benefits include a 401k plan also tuition reimbursement for those who are looking to advance their career the training process takes about three weeks. workers are climbing these polls, which could average 120 feet newfoundland field. now, the days, of course, can be long weather can sometimes be a challenge, but there are a lot of benefits to the job
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>> getting to build things that i never thought that i would be building you're always getting to constantly learn something new it's changing so sad there's always something you can learn. >> now, adds the system continues to are out, the company says thoer going to hire about 1,000 additional tower climbers in the next two years as we know, that die manned for 5g will continue to grow back to you. >> how are your small business contacts doing are they saying america is okay? >> tick up and up and up, and it stayed pretty close to record highs for that nfib optimism index that we look at. we do have our own cnbc and survey monkey small business data coming out next woke.
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we can tell you much more. it is national small business week >> deeply, deeply personal yes. >> kate rogers appreciate it. >> all right coming up, more big news on amazon br're going live to omaha, neaska becky quick, warren buffett, amazon how could you not watch? we're back after this. is
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hey! you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do. is. warren buffett telling cnbc berkshire hathaway has been buying am zbloj stock. shares of amazon getting a pop on that news let's bring in the afor her mentioned becomy quick who is live in omaha, nebraska. that was, becky, a shocker good morning, by the way
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>> every once inspect a while warren buffett will give us a little hint about what he is boig or not buying especially right ahead of the -- the 13 isn't going to come out for a k. weeks, but in this case he wanted to make sure that he got on the record before the public found out what the filing every time a berkshire hathaway filing comes out and says it's buying y or x stock, everyone assumes it's warren buffett. this time around it's not. >> it managed money. >> one of them some amazon, but
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it will show up on the 13 f. it is not true to say that i am buying amazon. it's true to say that berkshire is whatever shows up there >> although you have been a fan of amazon and jeff bezos for a long time. >> i have been a fan, and i have been an idiot for not buying it. i just want you to know that it's no personality changes that could place it or anything it's somebody else's >> brian, as we mentioned, he has been a fan of amazon and jeff bezos for a long time for years now he has been talking about the business model of the company and how dominant this has been, and just what a great business thinker jeff bezos is i'm asked him a lot of times why he hasn't bought, and he said basically he doesn't understand it or that he can get his arms around it. todd and ted, the two fellows in his office that he mentioned would be todd combs and ted -- i think ted joined back in 2010. they each have portfolios of $13 billion or at least the last time he gave us an update of how
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much they were managing. it was around $13 billion each >> this is kind of a little clarification when you start seeing the 13 f things coming out, this is either todd or ted who has bought those shares. >> it's a big story moving the stock this morning i would love to chat with you all day, but you have your own show in eight minutes. we look forward to a big "squawk box. have a good time in omaha this weekend. >> she'll he us in eight minutes. >> the clock is ticking. two and a half hours now away from the other big news of the day. that is the april jobs in be joining us now is mark zandi, moody's analytics, and a man whose name was references earlier on in the show mark, i don't want to throw water on our top story, but i'm going to do it anyway. >> is this number kind of meaningless because the census
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bureau adding workers last month? >> it could be i'm not sure if it's going to be this month or next month we might -- one of these two months we're going to ae bag pop in government employment private sector payroll employment, that will not obviously be affected by the sentence the top line number, that could be affected by it. >> that right back close to contense e census. life goes on nothing really changes also, the unemployment rate, my sense is that is going to tick down we're at 3.8 pirz.
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that will probably tick down wage growth has been accelerating, and i expect that to continue to accelerate. you know, like any economist, i think all it is numbers matter >> i don't know if you are lisping at the top of the show as you drove into the studio, but daniel demartino, booth called you out she says that number, you know, whatever it is, is maybe not reflective of the overall economy, and i said he is coming on later on in the show. what do you mean you said that on cnbc earlier. what did you mean by that? >> that was in rerns to the ap number as you know, brooirn, we take the adp payroll number, and based on that and other economic data we make an estimate of the bls number, and the adp number came in strong
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>> there you go. adp maybe not reflect i as much. how do you read the economy, mark is this an economy that needs quantity takive easing like the president said does it need 1 00 basis point or 1% rate cut? >> is that what he said? no it's a solid economy i mean, we got juiced up last year growth is prolonged. close to 3% gdp growth it was very strong that was deficit finance tax cuts the benefit of that is now largely faded, so growth is -- now we're back to growth rates that are, you know, very consistent with the growth rate we've been getting all along during this economic expansion somewhere between 2% and 2.5%. that's solid growth. that's still above the potential growth rate of the economy.
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unemployment low wage growth picking up everything feels okay. the fed is okay as well. >> how long can this last? at some point unemployment will have to rise to go back to full employment, or the economy will overheat that's not this month. that's not this quarter. may not even be this year. that's is sometime in our near future
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they pull back on hiring, and you get into this vicious cycle. that's a recession that's why when you get at this point of the business cycle, when the labor market is tight unkbmts is very low, very difficult to land the plane on the tarmac. >> with gambling legal in many states, perhaps many of you are thinking of laying a wager if so, listen up you need to know when the horse you may bet on was born. listen to this since 1966 no horse born in june or later has won the derby even more specific, putting the betting market.com, 80% of the winners in the last 50 years have been born in the first three months of the year
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it was foaled in mash. have grate day "squawk box" is next
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>> we have your ticket to home huh, and the beck shire hathaway annual shareholder meeting also known as wood stock for capitalists. we'll show you what it's like to be there with tens of thousands of investorsists dproi, may 3rd, 2019, and "squawk box" begins
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right now. >> welcome to "squawk box" here on cnbc. we're live at the nasdaq market site i'm andrew ross sorkin along with joe kernan. becky quick is with us live this morning in omaha at berkshire hathaway's annual meeting. getting ready for it, becky. what's coming up >> good morning, guys. it's good to see you what's going on, joe you're on camera >> do you know what the number is. >> i saw that. >> she looked ahead. >> i don't have the number in advance. do you >> no. >> but i did look ahead to the rundown. >> you know what the number is for expected, though it was just on worldwide exchange

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